(b) the transportation of Lessee’s officers, employees, guests and property where such
transportation is within the scope of or incidental to Lessee’s business. 

 Lessee represents and warrants that it is not leasing the
Aircraft for the purpose of charter or lease to third parties which could be considered commercial air transportation or air transportation for hire as set out in the Federal Aviation Regulations. 

 **SECTION FOUR** 

 **INSURANCE**

 At all times during the term of this Lease, Lessor will also cause to be carried and maintained third party aircraft liability
insurance, passenger legal liability insurance, property damage liability insurance, and medical expense insurance in the amounts set forth below: 

  




|  |  |  |  |
| --- | --- | --- | --- |
|  |  |  |  |
| Combined Liability Coverage for Bodily Injury and Property Damage Including Passengers - |    |  |  |
| Each Occurrence |    | $ | 250,000,000 |
|  |  |  |  |
| Medical Expense Coverage - |    |  |  |
| Each Person |    | $ | 50,000 |
|  |  |  |  |

 Lessee’s proportionate share of the cost of the above insurance is included in Lessee’s
lease payments to Lessor. Lessee will also bear the cost of paying any deductible amount on any policy of insurance in the event of a claim or loss.